Honeywell International (NASDAQ:HON) Hits New 12-Month High on Analyst Upgrade

Honeywell International Inc. (NASDAQ:HON) reached a new 52-week high during trading on Monday after The Goldman Sachs Group raised their price target on the stock from $236.00 to $262.00. The Goldman Sachs Group currently has a buy rating on the stock. Honeywell International traded as high as $246.00 and last traded at $244.1830, with a volume of 159823 shares traded. The stock had previously closed at $243.97.

Several other equities analysts have also recently weighed in on HON. Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research note on Friday, January 16th. Argus lifted their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Bank of America reaffirmed an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Finally, Citigroup increased their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $247.50.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,190 shares of company stock worth $4,244,287 over the last 90 days. Insiders own 0.41% of the company’s stock.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell entered an amended agreement to buy Johnson Matthey’s Catalyst Technologies business at a lower price (~£1.325bn), and the long-stop date was extended — this reduces Honeywell’s cash outlay and improves the deal’s economics. Honeywell Enters Into Amended Agreement to Acquire Johnson Matthey’s Catalyst Technologies Business
• Positive Sentiment: Multiple outlets report the Johnson Matthey sale price was cut (from ~£1.8bn to ~£1.33–1.8bn converted), effectively giving Honeywell a ~26% discount on the previously agreed deal — a near-term cost benefit for HON. Johnson Matthey agrees reduced $1.8 billion sale of catalyst division to Honeywell
• Positive Sentiment: Goldman Sachs bumped its Honeywell price target to $262 and kept a Buy rating — analyst support can attract flows and validate the stock’s upside narrative. Goldman Sachs adjusts PT on Honeywell International to $262
• Neutral Sentiment: Market/technical momentum: reports highlighted HON hitting an all-time high recently, reflecting positive price action and investor enthusiasm that can reinforce further buying. Honeywell International stock hits all-time high
• Neutral Sentiment: Longer-term market tailwinds: a report on the growing Home Energy Management System (HEMS) market suggests structural demand for smart building and energy-efficiency products, an end-market that aligns with Honeywell’s portfolio but is not an immediate catalyst. Home Energy Management System Market Company Analysis
• Negative Sentiment: An officer/director sold ~$568k of HON stock — insider sales can be read negatively by some investors, though the size is small relative to Honeywell’s market cap. Honeywell Director Sells $568,080.00 in Stock

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. Lockheed Martin Investment Management Co. acquired a new position in Honeywell International during the 3rd quarter worth $4,147,000. First National Trust Co raised its stake in Honeywell International by 9.4% during the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after buying an additional 6,803 shares in the last quarter. Managed Asset Portfolios LLC lifted its holdings in Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock worth $22,317,000 after buying an additional 2,154 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after acquiring an additional 4,061 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $1,943,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

The company has a 50-day moving average of $218.49 and a 200-day moving average of $210.30. The firm has a market capitalization of $154.86 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 3.52 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.47 earnings per share. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.